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United States · Bill · S

S. 1208 (112th)

A bill to provide an election to terminate certain capital construction funds without penalties.

referredUnited States· United States Congress· EN

Introduced

15 June 2011

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

5 December 2025

Summary

Permits any person who entered into a capital construction fund agreement (an agreement to provide replacement vessels, additional vessels, or reconstructed vessels) with respect to certain vessels operated in the fisheries of the United States to make an election to terminate the capital construction fund established under such agreement. Sets forth provisions concerning the effect of such election, including the distribution and taxation of such funds, on individuals and entities.

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Versions

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Documents

3 official files

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Sources

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